Brokerages forecast that Ecolab Inc. (NYSE:ECL) will announce $3.78 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Ecolab’s earnings. The highest sales estimate is $3.87 billion and the lowest is $3.61 billion. Ecolab reported sales of $3.65 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.6%. The business is scheduled to issue its next earnings report on Tuesday, February 19th.
On average, analysts expect that Ecolab will report full-year sales of $14.73 billion for the current fiscal year, with estimates ranging from $14.52 billion to $14.93 billion. For the next financial year, analysts expect that the company will report sales of $15.50 billion, with estimates ranging from $15.11 billion to $15.88 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Ecolab.
Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, October 30th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.53. Ecolab had a return on equity of 19.13% and a net margin of 10.99%. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter last year, the business earned $1.37 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year.
ECL traded up $1.05 during midday trading on Tuesday, reaching $159.36. 977,782 shares of the company were exchanged, compared to its average volume of 1,385,143. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.79. Ecolab has a one year low of $125.74 and a one year high of $160.61. The stock has a market cap of $46.03 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 2.37 and a beta of 0.87.
In related news, Director Arthur J. Higgins sold 8,700 shares of Ecolab stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $149.76, for a total value of $1,302,912.00. Following the sale, the director now owns 21,363 shares of the company’s stock, valued at approximately $3,199,322.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Douglas M. Baker, Jr. sold 40,025 shares of Ecolab stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $160.20, for a total value of $6,412,005.00. Following the completion of the sale, the chairman now directly owns 558,017 shares in the company, valued at approximately $89,394,323.40. The disclosure for this sale can be found here. In the last three months, insiders sold 112,110 shares of company stock worth $17,473,320. 1.50% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Kentucky Retirement Systems acquired a new position in shares of Ecolab during the 3rd quarter worth approximately $2,334,000. AQR Capital Management LLC increased its position in shares of Ecolab by 70.6% during the 3rd quarter. AQR Capital Management LLC now owns 289,268 shares of the basic materials company’s stock worth $45,351,000 after purchasing an additional 119,690 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Ecolab by 39.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 26,834 shares of the basic materials company’s stock worth $4,207,000 after purchasing an additional 7,524 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Ecolab during the 3rd quarter worth approximately $205,000. Finally, Advisors Asset Management Inc. increased its position in shares of Ecolab by 8.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 28,267 shares of the basic materials company’s stock worth $4,432,000 after purchasing an additional 2,289 shares during the last quarter. 76.25% of the stock is currently owned by institutional investors and hedge funds.
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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